http://tradelogblog.disqus.com/enWed, 14 Mar 2012 20:16:04 -0000http://blog.tradelogsoftware.com/resources/2011-forms/#comment-465552426<p>After re-reading existing (maybe "old") instruction, an MTM tax filers need not have to mess with Form 8949. Is this true?  Please comment.</p>ShinnWed, 14 Mar 2012 20:16:04 -0000http://blog.tradelogsoftware.com/resources/2011-forms/#comment-460817133<p>Everyone. TradeLog 9.1 has been released today for all registered users. It includes the comprehensive 1099-B reconciliation and Form 8949 adjustment functions for 1040 Schedule D filing. Make sure and download and follow the instructions in the quick start guide!</p>tradelogFri, 09 Mar 2012 14:20:22 -0000http://blog.tradelogsoftware.com/resources/2011-forms/#comment-460815401<p> Thank you Fredcrowley and tradelog for the clarifications.</p>equimetricsFri, 09 Mar 2012 14:17:48 -0000http://blog.tradelogsoftware.com/resources/2011-forms/#comment-460331643<p>Fred, you can use the information to file if you want, at your own risk. Also we will be happy to refund your purchase price if you do not want to use TradeLog. Any users who do not want to wait for an accurate solution are certainly entitled to a full refund and can file taxes manually. Please contact our support department about such requests. Thank you.</p>tradelogThu, 08 Mar 2012 23:36:08 -0000http://blog.tradelogsoftware.com/resources/2011-forms/#comment-460326078<p> While Tradelog will generate an 8949 form, per their own words it cannot be used to file your taxes. So saying they produce the form but it can't be used is a real spin on words. Neither does it allow a reconciliation between the 8949 form and the 1099-Bs. Granted Tradelog says that it will accomplish this at some point (originally stated as being Feb 15, then in this weeks webinar, that it would be available on Mar 6 which clearly wasn't met). Yes the new tax reporting is complex, however per Tradelog 64% of the brokers have issued 1099-Bs. </p>FredcrowleyThu, 08 Mar 2012 23:26:51 -0000http://blog.tradelogsoftware.com/resources/2011-forms/#comment-460288525<p>Yes, TradeLog version 9 currently generates this form. However we have admonished users not to file their taxes yet as trader taxes are a BIG problem this year. Broker 1099-B reports that have been released (some will not be issuing 1099-B until as late as April 15th now) are seriously flawed. In fact trader tax firms like GreenTraderTax will not even file Form 8949 returns currently because of the concern about the serious problems and repercussions it may have on audit risks. We are finishing TradeLog 9.1 which will contain new increased reconciliation to account for most Broker 1099-B reports so that our users can file Form 8949 with confidence.</p>tradelogThu, 08 Mar 2012 22:21:19 -0000http://blog.tradelogsoftware.com/resources/2011-forms/#comment-460272218<p>Just to be clear, are you saying that TradeLog 9 *will* generate Form 8949 automatically (and can handle an unlimited number of trades)? Your website seems to indicate that's the case, but it's a little bit ambiguous. I'm just wondering why Fredcrowley is saying TradeLog cannot handle Form 8949. </p>equimetricsThu, 08 Mar 2012 21:51:55 -0000http://blog.tradelogsoftware.com/resources/2011-forms/#comment-460093106<p>Actually we do generate Form 8949 in TradeLog 9 however we have marked as Draft until we are ready to release for filing. Currently around 36% of traders still do not have 1099-B and the CPA industry is reporting major problems coming in from broker 1099-B reports that are inaccurate. TradeLog 9.1 is currently in release to select users of TradeLog and to CPA advisors for review and testing before final release. No other software program has released a Form 8949 which reconciles with 1099-B.</p>tradelogThu, 08 Mar 2012 16:42:45 -0000http://blog.tradelogsoftware.com/resources/2011-forms/#comment-459993414<p>As of 3/8/2012 Tradelog still cannot properly support the 8949 forms for 2011, and of course cannot provide the capability to reconcile a trader's 1099-B reports.  </p>FredcrowleyThu, 08 Mar 2012 14:21:03 -0000http://blog.tradelogsoftware.com/resources/2011-forms/#comment-400778036<p>Will look forward to the new form before ending 2011 year.</p> <p>Thank you</p>Cmnicolaou1Wed, 04 Jan 2012 17:11:31 -0000http://blog.tradelogsoftware.com/resources/2011-forms/#comment-360331702<p>Useful quick review of the new tax form 8949 for the 2011 tax year and beyond. I do wonder why the IRS did not just try to expand Schedule D or add an appendix to it, instead of creating a new form. Perhaps a separate new form helps the IRS computers match up the information with the revised 1099-B! </p> <p>In some stock sale situations the reporting is even more complex and confusing, such as for stock compensation where the cost basis is not complete. Look in the Tax Center (see <a href="http://bit.ly/9rI8R1)" rel="nofollow">http://bit.ly/9rI8R1)</a> on <a href="http://www.myStockOptions.com" rel="nofollow">www.myStockOptions.com</a> for an article on this and what to do. Article is: The New IRS Form 1099-B For Reporting Sales Of Company Stock: What You Must Know To Avoid Paying Too Much Tax.</p>myStockOptionsEditorThu, 10 Nov 2011 15:35:13 -0000http://blog.tradelogsoftware.com/resources/2011-forms/#comment-326670328<p>Fixed, they work now!</p>tradelogTue, 04 Oct 2011 17:50:10 -0000http://blog.tradelogsoftware.com/resources/2011-forms/#comment-326666302<p>Could not get the above links to work</p>WeightmarkTue, 04 Oct 2011 17:44:33 -0000http://blog.tradelogsoftware.com/trading-investing/cpas-dont-want-you-to-know/#comment-211034484<p>Joey,</p> <p>What a great article! I didn't know that you write, as well as, provide wonderful customer service for Tradelog!</p> <p>All the best,</p> <p>Shalimar VB</p>ShalimarVBTue, 24 May 2011 20:09:38 -0000http://blog.tradelogsoftware.com/trading-investing/broker-p-l-tax-reporting/#comment-210875673<p>Nothing new.<br>However, I do like what you guys are doing to improve the TradeLog.</p>ShinnTue, 24 May 2011 15:48:34 -0000http://blog.tradelogsoftware.com/whatsnew/new-tradelog-webinar-features/#comment-138641741<p>Thank you for the webinars!</p>GuestWed, 02 Feb 2011 01:18:19 -0000